Israel Discount Bank Refinances Mixed-Use Property In SoHo With $30M Loan
FINANCED
$30,000,000
New York
See Similar DealsMixed-use
Financed
FINANCED
Israel Discount Bank Refinances Mixed-Use Property In SoHo With $30M Loan
448 West Broadway, New York, NY 10012
See Similar DealsMixed-use
Financed
Summary
NEW YORK
Asset Type:Mixed-use
Transaction Type:Loan
Israel Discount Bank has provided a $30,000,000 refinance loan for a mixed-use property located at 448 Broadway (also known as 26 Mercer) and 419-425 Broadway in SoHo. The property features a combination of office and retail spaces.
Summary of Transaction Details:
- Property Type: Mixed-use (Office & Retail)
- Transaction Amount: $30,000,000
- Address: 448 Broadway (AKA 26 Mercer) & 419-425 Broadway
- Market: SoHo
Cary Pollack, Charles Grussgott, and Michael Helmreich from Meridian Capital Group represented the borrower as brokers in this deal.
Please note that no additional information is available regarding the property or the individuals involved in the transaction.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$30,000,000.00
Monthly NOI$200,000.00
Monthly Debt Service$189,620.41
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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